The deal sees Fly Alliance continue as a jet card and charter broker under Chris Tasca, while former boss Kevin Wargo expands his new entity.
Five months after leaving Fly Alliance, former majority owner and co-founder Kevin Wargo (pictured left) has bought back the maintenance and charter-operator certificates.
Fly Alliance continues as a charter brokerage led by co-founder and current CEO Christopher Tasca (pictured right).
Tasca, previously the minority partner, led a management buyout back in July.
Tasca and Wargo both confirmed the deal, which closed Friday.
Fly Alliance ended 2025 as the 14th-largest U.S. private jet operator based on charter and fractional hours.
Wargo’s Cove Capital acquires the Part 135 charter and Part 145 maintenance certificates.
They will now do business as Atelier Aviation.
According to the most recent FAA report, its charter certificate currently covers 18 aircraft.
Tasca says three fractional Gulfstream large-cabin jets will transition to a new operator.
The fleet includes nine Gulfstreams, a Global Express, three Hawker 800/900s, a pair of Citation XLS aircraft, and two Citation Sovereigns.
Per Wargo, Atelier will be a sister company alongside Sky Travel Solutions, a Part 135 operator he launched earlier this year.
Atelier will operate large cabin jets.
Sky Travel Solutions will be the customer-facing brand selling ad hoc charter and jet cards.
In August, Wargo bought back the parts business from Fly Alliance and renamed it Altitude Parts.
Across the three units, Wargo says it now has 100 employees.
He says most employees supporting the charter and maintenance business will transition to Atelier Aviation.
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Tasca says Fly Alliance will continue as a brand, along with its 355 jet card members.
He says the company will have around 35 full-time employees.
The former Fly Alliance managed fleet is expected to end up between Atelier and another operator.
Tasca tells Private Jet Card Comparisons, “We expect to make an announcement about a new operating partner (for managed aircraft) in the next several days.”
He says for jet card clients, it is business as usual.
Wargo says, “I am excited for this new chapter and to grow our aviation portfolio.”
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